Today: EUROZONE Debt Crisis News, Oct 25, 2011

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Oct 25, 2011

EUROZONE Debt Crisis News, Oct 25, 2011

Timeline: Euro zone ministerial meetings in 2011
Reuters
(Reuters) - A thus far intractable debt crisis has forced EU finance ministers to meet more often than usual this year. Here is a timeline of those meetings. January 17, 2011 - Eurogroup meeting of euro zone finance ministers in Brussels to discuss the ...
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EU waits for Italy reforms on eve of crucial summit
Reuters
By James Mackenzie and Ilona Wissenbach ROME/BRUSSELS, Oct 25 (Reuters) - Italy's divided government kept Europe waiting on Tuesday for long delayed economic reforms that are central to efforts to confront the euro zone's worsening debt crisis. ...
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UK PM Says Euro Crisis Is Priority After Euro-Skeptic Revolt
Wall Street Journal
LONDON (Dow Jones)--UK Prime Minister David Cameron said Tuesday that Europe's top priority is solving the euro-zone crisis, a day after scores of lawmakers from his party rebelled in a debate about whether to have a referendum on the UK's membership...
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Eurozone crisis fund deal 'could be weeks away'
Financial Times
By Gerrit Wiesmann in Berlin Eurozone governments have warned that it could take weeks to finalise the instruments to give their debt-crisis rescue fund the firepower it needs to ringfence countries such as Italy and Spain from speculative attacks. ...
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EURO GOVT-Bunds retreat; trade choppy before EU summit
Reuters
Adding to the uncertainty, German lawmakers secured a full parliamentary vote on euro zone crisis measures negotiated by Chancellor Angela Merkel and her peers, a move which risked delaying Europe's response to the two-year crisis. ...
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Analysis - Sarkozy in fight for French AAA, political future
Reuters
By Catherine Bremer PARIS (Reuters) - Nicolas Sarkozy is in one of the most critical weeks of his presidency as he battles to mend his differences with Germany over a euro zone crisis that threatens both France's economic wellbeing and his own ...
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Reuters
METALS-Copper steady, traders nervous ahead of EU summit
Reuters
Adding to the uncertainty, German lawmakers secured a full parliamentary vote on anyeuro zone crisis measures negotiated, a move that risks delaying Europe's response to its debt problems. "There is no magic bullet to rid Europe of its debt. ...
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EU Crisis Roadmap: Key Milestones Ahead in October and November
Wall Street Journal (blog)
EU and euro-zone leaders are meeting again on Wednesday to finalize a deal after laying out the foundations for a bank recapitalization plan and leveraging of theEuropean Financial Stability Facility at meetings Sunday. ...
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Greek PM hopes EU summit to turn page on crisis
Reuters
European Union leaders will meet in Brussels on Wednesday to adopt a plan to reduce Greece's debt burden, fortify European banks and strengthen the euro zone's EFSF rescue fund to contain the spread of the euro zone's worsening debt crisis. ...
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Eurozone crisis pressurises export business
Austrian Independent
Meanwhile, Austrian Economy Chamber (WKO) President Christoph Leitl claimed that the Euro "is a strong currency which does not have to be rescued." Leitl said yesterday that the current turmoil was a crisis of individual EU countries due to their high ...
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Saving eurozone: Devalue the euro, slash rates to zero, says Roubini
Firstpost
Perth: The world's advanced economies face a more than 50 percent chance of plunging into recession in the next year as the eurozone crisisrattles markets, said New York University economics professor Nouriel Roubini today. ...
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Firstpost
INTERVIEW: Hungary Can't Insulate From Euro-Zone Crisis - Minister
Wall Street Journal
By Alex Brittain LONDON (Dow Jones)--Hungary is concerned that the euro zone'sfinancial crisis could spill over and damage its own economy, but the country's development minister said Hungary at this point has no means of insulating itself from ...
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Eurozone crisis is dragging UK into double-dip recession, warns Bank of...
Daily Mail
By Rob Davies The economy might already be shrinking because of thecrisis in the eurozone, one of the Bank of England's leading experts has warned. Martin Weale – who sits on the Monetary Policy Committee which sets interest rates – said that the ...
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Daily Mail
Euro zone summit likely to give few numbers on crisis response
Reuters
By Jan Strupczewski BRUSSELS, Oct 25 (Reuters) - Euro zone leaders are unlikely to provide many hard numbers to flesh out their debt crisis response at a summit on Wednesday because the size of banks' losses on Greek bonds is still under negotiation...
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Europe must implement debt deal quickly: Treasury
MarketWatch
By Greg Robb WASHINGTON (MarketWatch) - Europe must move "quickly and firmly" to implement any agreement to solve the euro-zone crisis, said Charles Collyns, Treasury assistant secretary for international finance on Tuesday. ...
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German consumers unfazed by euro crisis
Deutsche Welle
New statistics released Tuesday show that the mood among German consumers continues to defy both the eurozone crisis and the global economic slowdown. According to the latest survey from German market research company GfK, a familiarly paradoxical ...
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CORRECTED-EURO GOVT-Bunds retreat; trade choppy before EU summit
Reuters
Adding to the uncertainty, German lawmakers secured a full parliamentary vote on euro zone crisis measures negotiated by Chancellor Angela Merkel and her peers, a move which risked delaying Europe's response to the two-year crisis. ...
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InvesTech FX Reports on EU Meetings Scheduled in October to Resolve Greek Debt ...
PR Web (press release)
While it remains for the euro zone crisis to be resolved, news traders have a good opportunity for some short-term euro trades, as the market is sure to respond with exuberance in one direction or the other as the situation develops and new information ...
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Europe Factors-Shares seen falling ahead of summit
Reuters
Adding to the concerns German lawmakers secured a full parliamentary vote on euro zone crisis measures negotiated by Chancellor Angela Merkel, which could risk delaying Europe's response to the debt crisis if approval is not won. ...
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FP Passport: Europe's debt deja vu
Foreign Policy (blog)
Polish Prime Minister Donald Tusk, who currently holds the EuropeanUnion's rotating presidency, added, "We all have a sense that the crisis in the euro zone is reaching very worrisome levels. We have to be happy that the decision-making progress has ...
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Foreign Policy (blog)
Treasurys Rebound As Investors Cautious On Euro Zone Debt Deal
Wall Street Journal
By Min Zeng NEW YORK (Dow Jones)--Benchmark Treasury bonds got a new lease on life Tuesday as investors grew cautious on the prospects of a bold plan that could stem the euro zone's sovereign debt crisis. European leaders are scheduled to release the...
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EU leaders agree on framework to tackle debt woes
China Daily
To dilute the risk, China can invest in European countries collectively through eurobonds. Yao said China's role in the eurozone crisis is to bring confidence more than money. "Whatever China invests will be little compared to what is needed to rescue...
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Ecofin Canceled; EU Summit Still On
Wall Street Journal
By LAURENCE NORMAN , FRANCES ROBINSON and ALESSANDRO TORELLO BRUSSELS—European Union finance ministers will not meet Wednesday before theEU and euro-zone heads-of-state summits, but the promised package of measures to end the sovereign-debt crisis is ...
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World stock markets buoyed by earnings and hopes for eurozone debt crisis ...
Washington Post
Economists said that showed overall economic contraction is possible in the eurozonein the fourth quarter, but traders largely overlooked the report to focus on the likelihood that a European crisis plan would be ready by Wednesday's summit. ...
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Can They Make It?
CNBC.com (blog)
Amid reports of intense disagreements, European Union leaders are now out of time for their EU Summit meeting tomorrow, after which German Chancellor Angela Merkel said they would present a coherent plan for dealing with the euro zone crisis. ...
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UK parliament rejects referendum on EU ... - Stabroek News
By Stabroek staff
Cameron had ordered his predominantly eurosceptic Conservative Party to reject the motion, arguing that Britain needs a strong voice in Europe to safeguard its interests as the euro zone tackles a debt crisis. The disunity embarrasses the ...
Stabroek News
Stocks Down Sharply in Early Trading on Renewed Concerns about ...
By edliston
Stocks have fallen sharply in early trading today as renewed worries about the euro zonedebt crisis have dragged down investors' confidence. Concerns.
Stock Market News
XE.com - GLOBAL MARKETS-Investors jittery as euro debt summit ...
Many investors suffered a bout of pre-summit uncertainty on Tuesday a day before a crucial meeting of European Union leaders to solve the euro zone debt crisis.
XE Forex News
Sarkozy tells Cameron to 'shut up' over euro - MWC News
By mwcnews@gmail.com (Agencies)
A spokesman for David Cameron, Britain's prime minister, has dismissed apparent criticism from France's president over the eurozone crisis, as the UK leader faced a battle at home over his country's membership of the European Union. ...
MWC News
Sterling remains strong against US Dollar | Currency News
By Toby
The Euro edged up against its main rivals in early trading as optimism grew ahead of today's E.U summit to discuss solutions to the Euro zone debt crisis. The single currency consolidated its position on the Pound albeit still trading in tight ...
Currency News
Fitch Exec ... - Greece.GreekReporter.com Latest News from Greece
By Apostolos Papapostolou
Fitch Ratings sees no quick fix to the euro zone crisis ahead of a crucial meeting ofEuropean leaders in Brussels on Wednesday and amid worrying signs that a.
Greece.GreekReporter.com Latest...
Saving eurozone: Devalue the euro, slash rates to zero, says ...
Perth: The world's advanced economies face a more than 50 percent chance of plunging into recession in the next year as the eurozone crisis rattles markets, said New York University economics professor Nouriel Roubini today. Roubini said ...
Firstpost
Only full integration can solve the eurozone crisis | The Periscope Post
By Anastasios Leventis
When it comes to addressing the problem of the eurozone it is a case of who dares wins. Euro woes continue. Photo credit: Matze Ott. The time has come for the leaders of the European Union (EU) to act decisively to end the Greek debt crisis ...
The Periscope Post
Euro falls, while maintaining boost over EU summit | BNN-NEWS.COM
By BNN
... high attained in the previous day. This is tied to the market expectations for the euro zone leaders' agreement on the necessary measures to reduce the current debt crisis.... Baltic newsNews from Latvia, BNN.LV, BNN-NEWS.COM ...
BNN-NEWS.COM
German lawmakers win full say on EFSF (Reuters) | Wall Street ...
By Yahoo! News: Business - European Economy
News: Business - European Economy. German lawmakers win full say on EFSF (Reuters). Share Reuters - German lawmakers flexed their muscles to secure a full parliamentary vote Wednesday on euro zone crisis measures negotiated by Chancellor Angela Merkel and her euro zone peers, a move senior politicians said would give Merkel a stronger mandate. Short URL: http://www.wallst.net/?p=319995. Posted by Yahoo!News: Business - European Economy . You can follow any ...
Wall Street Financial News
U.S. rejects plan to strengthen IMF in euro zone crisis - Yahoo! News
Read 'U.S. rejects plan to strengthen IMF in euro zone crisis' on Yahoo! News. PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader ...
news.yahoo.com/euro-zone-crisis-set-dominate-g20-paris-mee...
Germany dampens euro zone crisis hopes | euronews, world news
world news - Germany's has lowered expectations of a breakthrough in the euro zone's sovereign debt crisis at next weekend's summit ...
www.euronews.net/.../germany-dampens-euro-zone-crisis-hop...
U.S. rejects plan to strengthen IMF in euro zone crisis | Reuters
A second day of talks on Saturday may produce more robust language on the urgency of tackling the euro zone debt crisis but little of substance is likely to be ...
www.reuters.com/article/.../us-g-idUSTRE79C74G20111014
Analysis: Euro zone nears flawed crisis strategy
By Paul Taylor BRUSSELS (Reuters) - First the good news: European leaders are nearing a strategy to counter the euro zone's sovereign debt crisis. ...
www.reuters.com/.../us-eurozone-strategy-idUSTRE79N3WM...
Euro zone crisis set to dominate G20 Paris meeting - Business ...
PARIS — G20 finance chiefs and central bank heads from the world's biggest economies meet in Paris on Friday needing to find a solution to a deepening euro ...
www.gmanews.tv/.../euro-zone-crisis-set-to-dominate-g20-pari...
Merkel Expects Breakthrough On Euro Zone Crisis Wednesday | Fox ...
... up with a comprehensive response to the euro zone debt crisis on Wednesday, ...Fox News/Fox Business (Article Page: Fox News/SBC/Latino/Fox Business) ...
www.foxbusiness.com/.../merkel-expects-breakthrough-on-eur...
G20 divisions over IMF's role in euro zone crisis | euronews, world ...
world news - Should the IMF be strengthened to fight Europe's debtcrisis? At a G20 meeting in Paris, most of the leading emerging market...
www.euronews.net/.../g20-divisions-over-imf-s-role-in-euro-z...
Euro Zone Nears Flawed Crisis Strategy
ANALYSIS-Euro Zone Nears Flawed Crisis Strategy.
www.moneynews.com/InvestingAnalysis/Euro.../415498
BBC News - Eurozone ministers approve 8bn euro Greek bailout aid
Stephanie Flanders Economics editor, BBC News. Flanders: Waiting game for the eurocrisis · Timeline of eurozone crisis. The German government has also ...
www.bbc.co.uk/news/business-15401280
Merkel, Sarkozy hopeful of euro zone crisis resolution
Merkel, Sarkozy hopeful of euro zone crisis resolution.
www.globalpost.com/.../merkel-sarkozy-hopeful-euro-zone-cr

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